Mixed-Use Investment Opportunity in Prime East Harlem Location on the Northwest corner of E 105th St & 2nd Ave Type: Mixed-Use Free-Market Building Units: 12 Residential + 1 Commercial Commercial Tenant: Ground-floor retail space currently leased to a popular Mexican restaurant Annual income exceeds $130,000 (includes base rent, tax contributions, and utility reimbursements) Residential Layouts: 12 apartments in total, with 3 unique layouts (4 units each): Studio alcove One-bedroom One-bedroom with home office Key Highlights: Live-in Super and well-maintained property Recent Capital Improvements (within last 4 years): Boiler upgrades Roof replacement & waterproofing Renovated lobby & hallways (new tile, repainted stairs, doors, ceilings, and walls) Upgraded lighting Select units feature new kitchens, bathrooms, and refinished oak floors New EIFS/stucco and waterproofing system on side and rear façades Brick repointing and power washing Development Potential: In 2022, the building underwent an Alteration Type I Permit to remove lot line windows—preparing for a 25,000 SF buildable adjacent lot (also for sale by the same owner) Package deal available for both the building and adjacent lot at 2047 2nd Ave Financials: Net Operating Income (NOI): Over $260,000 Cap Rate: Approx. 7% Turnkey investment with strong upside potential Location Advantage: Situated in a rapidly evolving neighborhood Future 2nd Avenue Subway extension to 125th Street expected to significantly boost property value and area growth Additional Info: Full setup sheet available upon request (includes rent roll, expenses, and income) Inquire for details on the adjacent development site and package pricing